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Merchants used to travel around the world to buy and sell goods
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∙ 11y ago
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What is a money economy?
It is an economy where people use currency rather than barter to buy and sell goods.
What did the ancient Chinese people use to buy and sell goods and services -?
Ancient Chinese people used a barter system for buying and selling goods. Some of the people used items such as bricks of tea as currency.
Why do markets exist?
Markets allow people to buy what they need to consume and sell the specialized goods and services they produce.
What is profit incentive implications?
desire to make that motivates people to produce and sell goods and services that others want to buy.
Why are property rights important in a market economy?
1) They motivate people to specialize and gain from the division of labor 2) They allow people to buy and sell goods
Who are people who buy sell and trade goods in Mali?
Malisian Traders!!! HAHAHA LOL!!
Who buys and sells goods?
newdiv
What is a money economy?
It is an economy where people use currency rather than barter to buy and sell goods.
Merchants sold their goods at the town?
Merchants certainly did sell their goods at the town market. This was because this was where everyone came to buy and sell goods.
What is the name of a business that buy and sell goods?
merchanting
What did the ancient Chinese people use to buy and sell goods and services -?
Ancient Chinese people used a barter system for buying and selling goods. Some of the people used items such as bricks of tea as currency.
Why do markets exist?
Markets allow people to buy what they need to consume and sell the specialized goods and services they produce.
What is profit incentive implications?
desire to make that motivates people to produce and sell goods and services that others want to buy.
Farmers and nomads sell goods at outdoor markets called?
farmers and nomads buy/sell goods at outdoor markets called sepets.
What's sumerian merchants?
Sumerian merchants are people (in or from Sumer (soo-mur) that sell, buy, and trade goods. They traded good to get what they needed.
Pokemon diamond where do you get traps?
Some people underground, they look like hikers, will sell you traps or goods for spheres, or they want to buy them.
Why are property rights important in a market economy?
1) They motivate people to specialize and gain from the division of labor 2) They allow people to buy and sell goods
